Die Ersparnisbildung (netto) im Euroraum erhöhte sich in den vier Quartalen bis zum ersten Quartal 2024 auf 809 Mrd. € (nach 785 Mrd. € im Vorquartal).

The tax wedge on labour – i.e. the burden of taxes and social security contributions on labour income – is a frequently discussed topic. An article from the Bundesbank’s current Monthly Report examines the tax wedge on labour in greater detail. It looks, in particular, at the difference between pension contributions and tax payments. “A nuanced analysis of tax wedge ratios makes an important contribution to enabling better interpretation of tax wedges,” the authors of the article write. 

Der EZB-Rat hat heute beschlossen, die drei Leitzinssätze der EZB unverändert zu belassen. Die neu verfügbaren Daten stützen weitgehend seine bisherige Einschätzung der mittelfristigen Inflationsaussichten.

Rechtliche Regelungen zu den Aufgaben und Tätigkeiten der Deutschen Bundesbank.

All euro coins have a common "European" side and a national side. The common side has the same design in all the euro-area member states.

Energy prices skyrocketed and the cost of groceries went up significantly: life suddenly became more expensive in many places starting in early 2021. In the current issue of the Monthly Report, the Bundesbank’s economists examine what was behind these price increases, why inflation has since eased again and what role was played by central banks. They also reveal why the path back to price stability has posed no major disruptions to the real economy so far.

On Friday, 26 July 2024, the Executive Board of the Deutsche Bundesbank was consulted pursuant to Section 7(3) of the Bundesbank Act on the nomination of Dr Sabine Mauderer as Vice-President and Mr Michael Theurer as Member of the Executive Board of the Deutsche Bundesbank.